Residential Finance (Bayti) and Subsidized financing Murabaha

Tenure (Years) 10
Commitment No Commitment
Profit Type Murabaha
First Home Yes
  Subsidized Financing based on property Financing based on property price
Property Price 500,000
Market value 500,000
Down Payment 5% (25,000) 10% (50,000)
Tenure (Months) 120
Profit Rate 2.67% 2.75%
Net Financed 475,000 450,000
Total Financed 601,825 573,750
Monthly installment  5,015.21  4,781.25
FTV    
Settlement Type Profit+Principal
APR 5.24% 5.38%
Management Fees 4750 4500
Settlement Type Three months profit + (Principal + Profit) that hasn't been paid during the first two years of the loan tenure

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 18/08/2020

Residential Finance (Bayti) and Subsidized Financing Ijarah

Tenure in years 10
Total commitment No Commitment
Profit Rate type Ijarah
First Home Yes
  Subsidized Financing based on property Financing based on property price
Property Price 500,000
Market Value 500,000
Down Payment 5% (25,000) 10% (50,000)
Tenure (months) 120
Profit Rate 2.41% 2.75%
Net Financed 475,000 450,000
Total Financed 589,475 573,750
Monthly installment    
FTV 4,912.29 4,781.25
Settlement Type Principal+Profit
APR 4.77% 5.38%
Management fees 4,750 4,500
Tenure (months)

Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure 

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 18/08/2020

Examples Based on Income

Salary 10,000 15,000 25,000
Property Price 0 0 0
Down Payment 10% 10% 10%
Tenure (Months) 240 240 240
Finance Type Murabaha Murabaha Murabaha
Profit Rate 3.45% 3.45% 3.45%
Net Financed 781,065.09 1,171,597.36 2,307,692.31
Maximum Finance Amount 1,320,000 1,980,000 3,900,000
FTV 90% 90% 90%
Monthly Installment 5,500 8,250 16,250
Settlement Type Principal + Profits Principal + Profits Principal + Profits
APR 6.03% 6.00% 5.97%
Management Fees 5,000 5,000 5,000
Early Settlement Fees Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure. Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure. Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure.

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 18/08/2020

Pricing List

Product Profit Type Minimum Profit Rate APR
Residential Finance "Bayti" Ijarah 2.50% 5.05%
Residential Finance "Bayti" Murabaha 2.25% 4.79%
Residential Finance (subsidized) Ijarah 2.40% 4.46%
Residential Finance (subsidized) Murabaha 2.40% 4.46%
Equity Release Murabaha 2.25% 5.63%
Investment Finance (from Salary) Murabaha 2.25% 4.36%
Investment Finance (from Property income) Murabaha 4.50% 7.17%

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 18/08/2020

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